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BRAC Bank’s branch network has achieved a record net deposit growth of Tk 100 billion in the first eight months of 2025, marking its strongest deposit mobilisation to date.

The bank attributed this success to growing customer confidence, strengthened engagement, and robust nationwide relationships. A celebration was held on Wednesday, attended by Managing Director & CEO (Current Charge) Tareq Refat Ullah Khan and Deputy Managing Director Sheikh Mohammad Ashfaque.

“Our ability to mobilise deposits portrays the strong relationship we have built with our customers over the years,” said Mr. Khan, crediting colleagues across the country for their role in achieving the milestone.

Annual Performance and Profit Growth

In 2024, BRAC Bank recorded a consolidated net profit of Tk 14.32 billion, reflecting a 73 percent year-on-year growth from Tk 8.28 billion a year earlier. On a stand-alone basis, profit stood at Tk 12.14 billion, up 66 percent from Tk 7.30 billion.

The bank also outperformed industry averages with 34 percent growth in deposits and 20 percent growth in loans and advances in 2024. Consolidated revenue rose 39 percent year-on-year, supported by higher net interest income, strong fund management, and non-funded income streams.

Notably, its non-performing loans (NPL) ratio fell to 2.63 percent in 2024 from 3.38 percent in 2023, driven by tighter underwriting and recovery initiatives.

Dividends and Market Cap Milestone

On the back of profit growth, the board declared a 25 percent dividend for 2024—split evenly between cash and bonus shares—the bank’s highest payout since 2015.

For the first half of 2025, BRAC Bank reported a 53 percent year-on-year rise in consolidated net profit to Tk 9.05 billion, bolstered by investment income.

Earlier this year, the bank also crossed the $1 billion market capitalization mark, becoming the first and only Bangladeshi bank to achieve the milestone.

Listed on the Dhaka Stock Exchange in 2007, BRAC Bank’s shares closed at Tk 67.5 on Thursday.